- Crude oil inventories +0.244M vs -0.770M estimate
- gasoline inventories -4.476M vs -1.375M estimate
- Distillates -2.353M vs -0.028M estimate
- Cushing -0.086M vs a drawdown of -0.654M last week.
The private data released late yesterday showed drawdowns in each of the major components:
The price of crude oil is currently down around one dollar at $62.42. The low price reached $61.55 after headlines that some OPEC members wanted to increase production even more at there May meeting (four June).
This article was written by Greg Michalowski at www.forexlive.com.
